CANEX Metals (CVE:CANX) Shares Down 22.2% – Here’s Why

CANEX Metals Inc. (CVE:CANX)’s share price dropped 22.2% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 193,220 shares were traded during trading, an increase of 100% from the average daily volume of 96,825 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Down 22.2 %

The company has a current ratio of 43.42, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The firm has a market cap of C$4.00 million, a PE ratio of -3.50 and a beta of 1.19. The business’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

CANEX Metals Company Profile

CANEX Metals Inc, a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for gold and silver deposits. It holds interests in the Gold Range property that consists of 262 lode mining claims and 2 patented claims covering an area of 1650 hectares located in Mohave County, Arizona; and Gibson property covering an area of 887 hectares located in central British Columbia.